Lightweighting and Fuel Efficiency Drive High-Performance Plastic Demand Across Automotive and Aerospace Sectors

"The aerospace industry is likely to present significant opportunities for HPP owing to the growing passenger traffic and business travel around the world. Airbus and Boeing remain the key market participants in the commercial aviation segment, striving to meet the ever-increasing demand for aircraft, especially in the APAC and ROW markets," said Soundarya Gowrishankar, Senior Research Analyst, Chemicals and Materials, EIA at Frost & Sullivan.

"The aerospace industry is likely to present significant opportunities for HPP owing to the growing passenger traffic and business travel around the world. Airbus and Boeing remain the key market participants in the commercial aviation segment, striving to meet the ever-increasing demand for aircraft, especially in the APAC and ROW markets," said Soundarya Gowrishankar, Senior Research Analyst, Chemicals and Materials, EIA at Frost & Sullivan.

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From a regional perspective, APAC will remain a key market for HPPs in the automotive industry, owing to the high volume of production, whereas the demand for HPPs in the aerospace industry will come from Europe and North America due to the concentration of component manufacturing in these regions. Production expansions will help market participants gain a stronger foothold in the marketplace.

Key trends creating growth opportunities in the market include:

"Electric vehicles (EVs) present significant opportunities for HPPs in battery components. For instance, battery modules, battery housing, gaskets, connectors and sensors in EV present robust growth opportunities for HPPs owing to their high-temperature stability, chemical resistance to electrolytes, dimensional stability, flame-retardant nature, high-voltage resistance, and electrical insulation properties," noted Gowrishankar.

High-Performance Plastics (HPPs) Market in Automotive and Aerospace Industries, Forecast to 2024 market intelligence identifies disruptive market and technology trends, drivers and restraints, Mega Trends, market share and competitive analysis of segments such as Polyketones, PPS, TPI, Sulfone Polymers, and HTPA. Unit shipment and revenue forecast and percent unit shipment by product, application, region and plastic/composites are also provided.

High-Performance Plastics (HPPs) Market in Automotive and Aerospace Industries, Forecast to 2024 is part of Frost & Sullivan's global Future of Chemicals & Materials in Infrastructure & Mobility Growth Partnership Service program.

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High-Performance Plastics (HPPs) Market in Automotive and Aerospace Industries, Forecast to 2024 
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